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The Panic Sellers of yesterday are going to be very mad at themselves!!!
Shermann
Alright now - How many of us men actually read the entire directions before assembling!!!
Great volume today - Some panicked and it is their loss.
Great things to come with BIGN!!!
Shermann
Great Volume today - 17M + !!!!!
Looks like most of the weak hands have been flushed!!!
Shermann
People need to read the whole PR - Never panic without the facts.
Their loss and our gain!!!!
Shermann
What a Bloodbath on AAGH today - Panic Selling will never make any money - This could easily be at .40 by the end of next week!!!
Shermann
One thing we can readily assume is that if they are working on finalizing financing, then the terms have been agreed to.
Shermann
Good Plan - You certainly got here at a good time to pick up shares on Sale!!!!
Good Luck.
Shermann
AAGH action is really unique - They are really squeezing for shares.
All I know is that when I feel like "spitting it up", that is the bottom. I have to remember common sense ane experience trump emotions!!!
Shermann
Just curious - What is your interest on this board - You havent posted before today - Are you a shareholder?
Shermann
Just out of curiousity - I am definitely still in - How about everyone else???
LOI acquisition of the East Texas company looks to be within two weeks. After the last year, that is definitley close!!!
Shermann
Its eight in the morning - Scotch?????
Shermann
Hello there Mr. July, 2006 Ihubber and first time BIGN poster.
Welcome to the board!!!!
Shermann
I WAS WRONG - We did see .15
Fortunately, I am right more than wrong!!!
Shermann
"The Board of Directors is pleased to announce that the Company has been giving the LOI on the East Texas Oil Field its highest priority. James Lancaster, CEO, reports that the Company is in negotiations with its funding source to complete all due diligence required by them and conclude the funding facility to close these transactions."
It is disappointing that Financing has not been completed, but this is the LOI that we want. It includesfrom the original PR:
Biogenerics Limited (Pink Sheets:BIGN) announces that James Lancaster, CEO, has confirmed the execution of the Letter of Intent by all parties, that pertains to the purchase of assets, leases, contracts, agreements and oil reserves, of the East Texas operator.
Lancaster stated, "This transaction will bring to the company a presence in the oil industry that is highly respected -- an operation with a substantial positive cash flow, ownership in over 200 currently producing wells generating over 7,300 bbls/month of crude oil, leases with an estimated 21.84 million bbls/oil in proven reserves, drilling sites for 12 new wells, with a potential for a substantial reserve position in oil and gas. Further, 125 well sites to rework and capitalize the oil production from in the existing field, and equally important, a fully operating exploration/drilling company with a highly regarded reputation in the industry in Texas which will allow the company to do its own drilling, rework and management of wells."
Lancaster continued, "This is the foundation stone being laid for the Company to gather and amass substantial holdings in the oil/gas industry. Today, it is difficult to get a drilling company to perform new well services in less than nine months. This acquisition gives our Company the ability to do its own drilling procedures without reliance upon any other party. That is a definite plus in this industry today."
Arch - We have had bids of .022, and .023 - Nothing came close to that - Almost all buys are at the ASK - MM's just doing the pre PR manipulating.
This should be one of those great days we have been waiting for!!!
Shermann
One thing to point out - The first LOI - The company BIGN is trying to buy out is bigger than BIGN.
Shermann
Well, good luck in terms of that. Just remember that these MM's also read these boards, and know people are waiting for .15.
Shermann
correction to my earlier post - BIGN has rights to 180 wells of which they have drilled 2 - They have not leased the wells - Not sure how long they have the rights to them.
Shermann
I got mine at .22 2 days ago - OOPS - Pulled the trigger a day early. I figured 100% retracement was enough.
Apparently not for the MM's - We will probably close around .22 today. Lots of Buying!!!
Shermann
For those people wainting for .15 - I highly doubt we will ever see .15 again, so it will be a long wait!!!!
Shermann
Notice that we have done over 3 million shares today. There is a substantial amount of interest in buying here.
Up, Up, and Away on a good PR.
Shermann
Everyone relax - The MM's are loading up, and want to start the run from a lower price so they make more money.
Just good business on their part.
Shermann
Shake, Shake, Shake......Shake your ??????
Just MM's getting more shares for the run!!!
Shermann
Go Two Rally Monkeys - Painted the tape at the end, but see I was not the last. .029 will be our low tomorrow!!!
Shermann
This has the feel of something Big - Appears to be some MM accumulating here - I picked up a bunch more this afternoon.
Shermann
I am a fantasty football junkie so I an game!!!!
Shermann
We are consolidating nicely here - Good Volume - Would like to see 10+ million today - BIGN has a great story to tell.
I see the LOI PR coming out around midday tomorrow. I am sure they will go through many drafts on this one!!!
Shermann
All this charting talk!!!!
The fundamentals are still the same as at .41.
How can anyone believe this stock is BUY BUY BUY at .30 to .40, and SELL SELL SELL at .22 when nothnig has really changed???
Patience and a cool head are required. Trading based on emotion is a sure way to lose money.
Shermann
This reminds me of AMEP just before it ran to .15. I really enjoyed that one.
Everything seems to be set up in the same way.
Shermann
You got me on Tyche revenues - Not sure how they incorporate that into their earnings - Not being a fully reporting company, their financials do not have to be audited.
My guess is that they are putting all of their energy into getting the first LOI finalized.
Shermann
Also - WWNG is a Joint venture of which BIGN has a 40% interest in their Oil and Gas subsidiary - They have had lots of news lately.
Also - They were talking about getting a listing on a UK exchange - Not sure which one.
GLTA
Shermann
Sounds like a good plan to me. I would love to see this run to .10++++.
Shermann
You are absolutely correct on that one. There are too many investors who do the old "Buy and Hold" thing with pinkies hoping one stock will lead to untold wealth.
My experience indicates that one must take a profit because the stock will almost always reverse back down!!! This new internet age lends more to trading than to investing.
Shermann
I am all in. I think that means I have no more "Dry Powder"!!!
I am defintely going to cut some slack on the Grimes wells. I am guessing that it is really tough to buy a bigger company and not overextend the company financially. I like the fiscally prudent nature of this company.
Shermann
My guess is that a lot has been put on hold to complete the first LOI. After all, they are buying a bigger company than they are. They do not know exactly what resources they will need to use to close the deal. I like the diversification into oil, and the Equipment we will get from the acquisition. I am sure that we will know more details soon.
Shermann
BIGN has been my most followed company. They have a PR supposed to come out by COB Aug 31st to report on the letter of intent to buy and Oil Company. This company is bigger, but their wells are running out and BIGN has the technology to get the other 70% out of them.
We shall see - I am in BIGN-TIME!!!
Shermann
OK - I have to ask - Is it MeatHead or EmptyHead????
Shermann
Trying to use a chart to evaluate Pinkies is like trying to Win an Earthquake - or Herd Cats!!!
Shermann
MKT - I sent an Email to Tyche last week asking when TYEG will be tradable, among other things, and am waiting on a response. I will post it when I get it.
Shermann
May all your dreams come true.
That means mine will too!!!
This is what I call getting to where we should be!!!
Shermann